The Israeli startup Karamba Security recently opened its first location in Germany. The company chose Munich, which was well-connected to automakers and suppliers. Karamba Security's mission is to protect connected cars from hacker attacks.
Cars are becoming increasingly connected. According to US analyst firm Gartner, by 2020 there will be 61 million cars connected to external locations via various interfaces such as SIM cards or Bluetooth. This development not only brings convenience, but also makes vehicles vulnerable to hacker attacks. Malware can also enter the car through such interfaces. The Israeli startup Karamba Security aims to counteract these security gaps with its solution. Although the young company's software solution isn't yet available on the market, the founders have already convinced investors of their idea and raised $27 million.
Many pros for Munich
With the fresh capital, a new location was recently opened in Munich. The Israeli startup is also already present in Michigan, USA, and Minsk, Belarus. Munich was chosen as the German location because of the Bavarian capital's proximity to car manufacturers and suppliers. Furthermore, Munich has been the home of the Digital Hub Mobility of the federal government.
Karamba Security plans to begin series production this year, and the software is expected to be launched on the market by then. The advantage: The Israeli startup's solution can be integrated into a supplier's product, eliminating the need for additional hardware.
